Stag Industrial, Inc. (NYSE:STAG) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Stag Industrial, Inc. has received a consensus rating of "Hold" from six brokerages, with four analysts rating the stock as hold and two as buy.
• The company reported earnings per share (EPS) of $0.63 for the last quarter, matching analysts' estimates, with quarterly revenue of $207.44 million, a 9.4% increase from the previous year.
• Stag Industrial announced a monthly dividend of $0.1242 per share, with an annualized yield of 4.1%, despite having a high payout ratio of 117.32%.

Stag Industrial, Inc. (NYSE:STAG - Get Free Report) has received a consensus rating of "Hold" from the six brokerages that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $38.1667.

A number of brokerages have weighed in on STAG. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $38.00 target price on shares of Stag Industrial in a research report on Monday, May 19th. Robert W. Baird decreased their target price on Stag Industrial from $39.00 to $38.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Raymond James Financial lifted their target price on Stag Industrial from $36.00 to $38.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Finally, Evercore ISI lifted their target price on Stag Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th.

Stag Industrial Price Performance

Shares of STAG stock opened at $36.47 on Thursday. Stag Industrial has a 52-week low of $28.61 and a 52-week high of $40.49. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.31 and a current ratio of 1.31. The firm has a market capitalization of $6.81 billion, a P/E ratio of 28.72 and a beta of 0.94. The stock has a 50 day moving average price of $35.75 and a 200 day moving average price of $35.12.

Stag Industrial (NYSE:STAG - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.63. Stag Industrial had a return on equity of 6.71% and a net margin of 29.14%.The firm had revenue of $207.44 million during the quarter, compared to analyst estimates of $206.37 million. During the same period last year, the company earned $0.61 EPS. Stag Industrial's quarterly revenue was up 9.4% compared to the same quarter last year. As a group, sell-side analysts predict that Stag Industrial will post 2.47 earnings per share for the current year.

Stag Industrial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a dividend of $0.1242 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a c) dividend on an annualized basis and a yield of 4.1%. Stag Industrial's payout ratio is 117.32%.

Insiders Place Their Bets

In other news, Director Benjamin S. Butcher sold 28,843 shares of the business's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $36.90, for a total value of $1,064,306.70. Following the completion of the transaction, the director directly owned 7,115 shares of the company's stock, valued at approximately $262,543.50. The trade was a 80.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Private Trust Co. NA raised its position in shares of Stag Industrial by 2,183.9% in the 2nd quarter. Private Trust Co. NA now owns 708 shares of the real estate investment trust's stock worth $26,000 after acquiring an additional 677 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Stag Industrial by 204.9% in the 1st quarter. Versant Capital Management Inc now owns 753 shares of the real estate investment trust's stock worth $27,000 after acquiring an additional 506 shares in the last quarter. Chung Wu Investment Group LLC bought a new position in shares of Stag Industrial in the 2nd quarter worth $29,000. Tsfg LLC bought a new position in shares of Stag Industrial in the 1st quarter worth $32,000. Finally, Garde Capital Inc. bought a new position in shares of Stag Industrial in the 1st quarter worth $33,000. 88.67% of the stock is owned by institutional investors.

Stag Industrial Company Profile

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.

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